1,183 Shares in Philip Morris International Inc. $PM Bought by First Financial Group Corp

First Financial Group Corp bought a new position in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,183 shares of the company’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SGL Investment Advisors Inc. raised its stake in Philip Morris International by 24.3% in the 2nd quarter. SGL Investment Advisors Inc. now owns 2,407 shares of the company’s stock worth $428,000 after acquiring an additional 470 shares during the last quarter. Independent Solutions Wealth Management LLC raised its stake in Philip Morris International by 1.9% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 21,833 shares of the company’s stock worth $3,976,000 after acquiring an additional 405 shares during the last quarter. Shell Asset Management Co. raised its stake in Philip Morris International by 44.0% in the 2nd quarter. Shell Asset Management Co. now owns 63,082 shares of the company’s stock worth $11,489,000 after acquiring an additional 19,284 shares during the last quarter. TriaGen Wealth Management LLC raised its stake in Philip Morris International by 25.3% in the 2nd quarter. TriaGen Wealth Management LLC now owns 2,433 shares of the company’s stock worth $443,000 after acquiring an additional 491 shares during the last quarter. Finally, Joel Isaacson & Co. LLC raised its stake in Philip Morris International by 33.0% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 9,245 shares of the company’s stock worth $1,684,000 after acquiring an additional 2,292 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.6%

NYSE:PM opened at $154.53 on Wednesday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock has a market capitalization of $240.53 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 2.22 and a beta of 0.46. The stock’s 50-day moving average price is $164.57 and its 200-day moving average price is $168.67.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $10.14 billion for the quarter, compared to analysts’ expectations of $10.33 billion. During the same period last year, the firm earned $1.59 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Philip Morris International has set its Q3 2025 guidance at 2.080-2.130 EPS. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is presently 111.79%.

Analyst Ratings Changes

Several brokerages have weighed in on PM. JPMorgan Chase & Co. increased their price target on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Barclays cut their price target on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.44.

About Philip Morris International

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.